Just two and a half years ago, Yelp acquired the food delivery site and app Eat24, which seemed like a complementary business at the time. Now GrubHub is buying the site for $287.5 million — a little more than double what Yelp paid for it in 2015 — while the two companies will keep linking to each other and referring customers back and forth. [More]
Acquisition Shopping Spree
Expedia Continues Taking Out Competition With $1.6B Purchase Of Orbitz
Expedia appears to be enjoying a shopping spree of epic proportions this year. Less than a month after the online travel agency bought rival Travelocity, it’s taking out another competitor by purchasing Orbitz for $1.6 billion. [More]